US producer prices rise more quickly than expected in November
By Alexander Bueso
Date: Tuesday 14 Dec 2021
(Sharecast News) - Producer prices rose more quickly than expected in November amid widespread gains the various categories of goods.
According to the US Department of Labor, so-called final demand prices increased by 0.8% versus October, pushing the annual rate of increase to 9.6%.
Economists had penciled-in growth of 0.5% on the month and 9.2% year-on-year.
Food prices rose by 1.2% on the month while energy was 2.6% dearer.
But prices also bounded ahead of forecasts at the core level, which excludes the often volatile prices for food and energy, rising by 0.8% (consensus: 0.5%).
-- More to follow --
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN